What is an EPOS System and How Will it Benefit Your Business?

What is an EPOS System and How Will it Benefit Your Business?

If your business uses a till in its day-to-day operations, you could benefit hugely from installing an electronic point of sale (EPOS) system if you haven’t already. Amongst plenty of additional capabilities, an EPOS system is used at till point to accept payments, record data, and manage inventory, and is almost infinitely customisable. But how will it specifically make a difference to you?

 

1. Speed

 

Every aspect of EPOS software is designed to make your life easier whilst at work. Your staff will immediately get to grips with its intuitive, touchscreen interface, and its impressive data recording, reports and cash management possibilities will save you time and boost your productivity. Even carrying out individual transactions will be simpler and slicker than ever, making for happier customers.

 

2. Stock management

 

You can majorly improve the accuracy of your stock file and reduce the chances of having too much or too little stock by using an EPOS system. The system will update your stock inventory in real-time when transactions are made on the till, and for restaurants and hospitality businesses you can even keep track of the specific ingredients required for your recipes, so you can be confident that you always have everything you need.

 

3. Access from anywhere

 

Unlike a traditional till system, with an EPOS system you aren’t just limited to your till point if you need to look at vital data and reports. As all of this information is stored (and safely backed up) electronically on an EPOS system, you’re able to view it from your back office, your home computer or even mobile devices for ultimate accessibility.

 

4. Detailed reporting

 

An EPOS system will provide reports with a level of detail that will make you wonder how you ever managed without it. You can find out what is selling well, which times of the day you are the busiest, how successful your promotions are proving and more. Having all of this knowledge right at your fingertips allows you to make quick, informed decisions about how you are running your business to maximise profits and reduce wastage. You’ll even be able to provide accountants with precise information from a whole period to make their job simpler too.

 

5. Integration

 

Your online store and your physical store needn’t be two separate operations; an EPOS system can seamlessly integrate the two so that when a customer makes a purchase in-person, your stock file will automatically be updated on your e-commerce store, and vice versa. This will keep things straightforward for you, as well as reducing errors with customers’ orders.

 

6. Endless customisation

 

No two businesses are the same, so no two till systems should be the same. At MyEPOS, we have a library with over 100,000 features available, so that you’re able to personalise your EPOS system and ensure it does exactly what you need it to do.

An EPOS system is an intelligent, reliable and easy way to make your business run smoother. If you’re yet to make the switch, contact us on 01905-790619 for more information and to get a quote.

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Written byHayley Muckle
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